Roth Capital Maintains Buy On Overland Storage Following 4Q14 Results


In a research report issued today, Roth Capital analyst Krishna Shankar maintained a Buy rating on Overland Storage (NASDAQ:OVRL) with a price target of $4.43.

Shankar observed, “OVRL reported 4Q14 revenues/GAAP EPS results of $24.2 million/$(0.42) versus our $24.5 million/$(0.33) estimates. We believe that OVRL’s pending merger with Sphere 3D Corporation (Nasdaq: ANY) may create a leading virtualization, data management/storage platform company . We believe that OVRL and Sphere 3D are making good progress on platforms combining OVRL’s storage products with Sphere 3D’s Glassware cloud/ mobility virtualization platform and V3 desktop virtualization appliance. The deal may close by Oct/Nov 2014 with 65% of OVRL’s shareholders supporting the deal.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Krishna Shankar has a total average return of 14.2% and a 62.5% success rate. Shankar has a 2.7% average return when recommending OVRL, and is ranked #331 out of 3300 analysts.

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